Stability and Growth in Europe: Towards a Better Pact

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How researchers see this paper

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Automatic Fiscal Stabilisers: What They Are and What They Do (2012, unknown): “Fatás et al. (2003) consider three different definitions of a neutral spending path: government spending is held constant in volume terms; government expenditure grows in line with revenues; government expenditure grows in proportion with trend GDP.”
Improving fiscal policy in the EU: the case for independent forecasts (2006, unknown): “Eichengreen (2003) rejects the usefulness of numerical thresholds for the deficit or the debt arguing that the EU should focus on structural reforms through the use of an index of institutional reform.”
European Monetary Union: the dark sides of a major success (2006, background): “This led to a number of proposals in favour of delegating fiscal discipline to independent committees, either at the EU level (Fatás et al., 2003) or at the national level (Wyplosz, 2002).”